The cryptocurrency market is constantly evolving, and new altcoins are being created all the time. Some of these altcoins have the potential to revolutionize the way we live and work.

Altcoins are an alternative cryptocurrency to Bitcoin. The term “altcoins” is short for “alternative coins”. Altcoins are created to improve on the shortcomings of Bitcoin, or to offer new features and functionality.

There are a few reasons why you should watch altcoins. First, altcoins offer the potential for high returns. Second, altcoins can be used to diversify your cryptocurrency portfolio. Third, altcoins can be used to access new and innovative blockchain technologies. The altcoins can all be bought through decentralized exchanges.

In this blog post, we will take a look at the top 10 altcoins to watch in 2023.

1. Ethereum (ETH)

Ethereum is a great altcoin because it is a decentralized platform that runs smart contracts, which are applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum has the potential to revolutionize a wide range of industries, including finance, healthcare, and supply chain management.

• Ethereum powers decentralized finance (DeFi), a financial system that eliminates the need for intermediaries like banks.
• Non-fungible tokens (NFTs) on Ethereum represent unique digital assets, such as art, music, and in-game items.
• Smart contracts automate various transactions, from buying and selling goods to lending and borrowing money.
• Ethereum’s value reached a high of $4,891.70 on November 10, 2021, but has since declined by approximately 70%.
• Factors contributing to the decline include overall market conditions, scalability concerns, and the transition to Ethereum 2.0.
• Despite the price drop, Ethereum remains popular and promising, with an active developer community and ongoing improvements.

Ethereum’s value reached a high of $4,733.36 on November 11, 2021, but has since declined by approximately 70% and currently trading at approximately $1,800.

Ethereum remains popular and promising, with an active developer community and ongoing improvements.

In conclusion, Ethereum’s decentralized platform and smart contract capabilities make it a game-changer across multiple industries. It enables DeFi, NFTs, and automation of various transactions. While its value has experienced a decline, Ethereum’s continued development and strong community support suggest a promising future ahead.

2. Chainlink

Chainlink is a great altcoin because it is a decentralized oracle network that provides real-world data to smart contracts. This data can be used to power a wide range of applications, such as decentralized finance (DeFi), insurance, and supply chain management.

• Chainlink can be used to provide real-world data to DeFi applications, such as the price of assets or the current weather conditions.
• Insurance: Chainlink can be used to provide real-world data to insurance applications, such as the probability of an event occurring or the current value of an asset. This data can be used to automate insurance claims and to reduce fraud.

Chainlink’s maximum selling price was $52.25 on May 10, 2021. As of May 26, 2023, Chainlink is trading at approximately $6.37. This means that Chainlink has lost about 85% of its value since its all-time high.

There is room for a substantial rebound since the altcoin continues to be readily developed and used in many applications.

3. Polkadot

Polkadot allows for the creation of a decentralized ecosystem of interoperable blockchains. Polkadot has the potential to revolutionize the way we build and use blockchain applications.

• Decentralized finance (DeFi)
• Non-fungible tokens (NFTs)
• Smart contracts

Cross-chain communication: Polkadot allows different blockchains to communicate with each other. This allows for the transfer of data and assets between blockchains.

Polkadot’s maximum selling price was $53.34 on November 4, 2021, however as of May 26, 2023, Polkadot is trading at approximately $5.25. This means that Polkadot has lost about 82% of its value since its all-time high.

Again this leaves room for price growth since Polkadot is still developing its system scaling its business into other areas of digital assets.

4. Decentraland (MANA)

Decentraland is a decentralized virtual reality platform powered by the Ethereum blockchain. Users can buy, sell, and build on parcels of land in the Decentraland metaverse. Decentraland has the potential to revolutionize the way we interact with the internet, and it is already being used for a variety of purposes, including gaming, education, and business.

Here are some of the reasons why Decentraland is an amazing coin to invest in in 2023:

• Decentraland is a first-mover in the metaverse space. Decentraland was one of the first decentralized virtual reality platforms to launch, and it has a large and active community of users.
• Decentraland is backed by a strong team of developers. The Decentraland team is made up of experienced developers with a proven track record of success.
• Decentraland has a clear roadmap for growth. The Decentraland team has a clear plan for how to grow the platform, and they are constantly adding new features and functionality.

Overall, Decentraland is an amazing coin with a lot of potential. If you are looking for a coin to invest in in 2023, Decentraland should definitely be on your radar.

At the current time of writing decentraland (MANA) is currently being traded for approximately $0.465 meaning it is an altcoin you can heavily invest in with little amount of money with high potential for returns.

5. Cardano

Cardano was established in 2015 by Charles Hopkins. . It employs a scientific approach to ensure security, scalability, and sustainability. With its proof-of-stake consensus algorithm and phased development approach, Cardano aims to provide a secure and scalable infrastructure for the future of decentralized finance.

• Well-established project with a strong community. Cardano was founded in 2015 and has a large and active community of developers and users.
• Scalable and secure platform. Cardano uses a proof-of-stake consensus mechanism, which is more energy-efficient and scalable than the proof-of-work consensus mechanism used by Bitcoin and Ethereum.
• Roadmap for development. The Cardano team has a clear plan for how to develop the platform, and they are constantly adding new features and functionality.
• Relatively low-cost investment. Cardano is currently priced at around $0.80 per coin, which makes it a relatively affordable investment.

Overall, Cardano is a well-established project with a strong community, a scalable and secure platform, a clear roadmap for development, and a relatively low cost. These factors make Cardano a good altcoin to invest in.

6. Avalanche (AVAX)

Avalanche (AVAX) is a new blockchain that can process more transactions than Ethereum at a much faster rate but at a lower cost. It was created to address the issues of scalability and transaction speed that have plagued Ethereum.

According to some cryptocurrency experts, Avalanche has shown very strong potential lately, and this could be a good opportunity to invest. During the last month, the price of AVAX has increased by 19.28%, adding a colossal average amount of $2.77 to its current value.

AVAX is working hard on making its technology more economical and eco-friendly. With this ecosystem validators with minimal hardware can Scale to millions. The stout fundamentals, initiatives, and developments have been an imperative reason behind Avalanche being on the bucket list.

As we can see with the increasing value and continual development of Avalanche the upside of Avalanche makes it an ideal altcoin to invest with.

7. Polygon (MATIC)

Polygon (MATIC) was launched in 2017 and is a good investment choice for any serious investor. The protocol has established itself as a leading Layer 2 scaling solution and is continuously innovating and making new acquisitions.

According to some cryptocurrency experts, Polygon has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Polygon rising up to $5.55 in 2030.

MATIC is widely available on most crypto exchanges, which makes buying and selling simple.

8. Polkadot (Dot)

Launched in May 2020 Polkdadot grew rapidly and by August 2020 had already reached a market capitlization of $3 billion. Polkadot protocol has established itself as a leading Layer 1 scaling solution and is continuously innovating and making new acquisitions.

According to some cryptocurrency experts, Polkadot has a good use case, well-designed tokenomics, active community and a solid team behind it. All of these are a prerequisite for success and that is why our prediction model sees Polkadot rising up to $100 in 2030.

Polkadot has a unique governance system that allows token holders to vote on changes to the network. This means that the community has a say in how the network is run and can help to ensure that it remains decentralized.

With all the projection and use cases of Polkadot, investing in this alt coin could lead to some potential gains.

9. Binance Coin (BNB)

Binance Coin (BNB) is a cryptocurrency issued by the popular trading platform Binance. It was launched in 2017 and runs on the Ethereum blockchain. During its initial coin offering (ICO), Binance issued 200 million BNB coins, but the platform periodically buys back and destroys some of these coins, increasing the value of those left in circulation.

BNB can be used as a utility token to trade through Binance. As of May 2023, the coin is valued at £248.23 with a market cap of £38.69 billion.

10. XRP

XRP is a well-known cryptocurrency primarily used on the Ripple global money transfer network. It was introduced in 2012 and operates on its own ledger. Unlike Bitcoin, XRP transactions do not rely on proof-of-work or proof-of-stake but are processed by validators within the network.

When conducting transactions on the Ripple network, a small fee is incurred, typically a fraction of one XRP token, which is subsequently destroyed. As of May 2023, XRP holds the sixth highest market capitalization among all cryptocurrencies and is valued at approximately £0.41 per coin.